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Finance officer reports budget figures as commissioners weigh FY2026 revenue assumptions
Summary
At the Oct. 15 finance committee meeting, the finance officer reported that disbursements are "pushing 3.2 million now," and commissioners discussed revenue scenarios for FY2026, with fiscal affairs director Janice Solerno noting some scenarios assume "virtually no bad debt."
At its Oct. 15 finance committee meeting, Mr. Lieber, the finance officer, told commissioners the township had exceeded an allocated budget amount and that recent disbursements were "pushing 3.2 million now." The meeting followed an earlier presentation by township manager Allison Elliot and fiscal affairs director Janice Solerno.
The discussion centered on how revenue results for 2025 might influence the FY2026 budget. Commissioner Arman asked whether stronger-than-expected revenues this year should change planning for next year. Janice Solerno, fiscal affairs director, said the administration models several scenarios: the baseline assumes a small allowance for bad debt, while scenarios two and three assume higher collections — "the high end of all tax collections" — and effectively assume "virtually no bad debt" to reduce the need for a larger tax increase.
The chair said he supported using the higher revenue range within realistic bounds to avoid either unnecessarily raising taxes or relying on overly optimistic projections. After the discussion the committee voted to accept the finance officer's report.
The record contains inconsistent phrasing around an "allocated budget amount" (the original amount was spoken unclearly in the record) but preserves Mr. Lieber's statement that disbursements were "pushing 3.2 million now." The committee deferred items 1A and 1B until the next week's meeting and will circulate the related reports to commissioners in the next few days.
